Short Interest in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) Grows By 49.1%

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 373,300 shares, a growth of 49.1% from the November 15th total of 250,400 shares. Based on an average daily volume of 4,424,300 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Direxion Daily TSLA Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily TSLA Bear 1X Shares stock. Headlands Technologies LLC bought a new stake in Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,178 shares of the company’s stock, valued at approximately $25,000.

Direxion Daily TSLA Bear 1X Shares Price Performance

TSLS stock opened at $7.66 on Friday. Direxion Daily TSLA Bear 1X Shares has a twelve month low of $7.66 and a twelve month high of $31.83. The company’s 50 day moving average is $12.26 and its two-hundred day moving average is $16.48.

Direxion Daily TSLA Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.1386 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.55 annualized dividend and a yield of 7.23%.

About Direxion Daily TSLA Bear 1X Shares

The Direxion Daily TSLA Bear 1X Shares (TSLS) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSLS was launched on Aug 9, 2022 and is managed by Direxion.